Montis Financial LLC Buys Shares of 15,416 Toast, Inc. (NYSE:TOST)

Montis Financial LLC acquired a new stake in Toast, Inc. (NYSE:TOST) in the fourth quarter, HoldingsChannel reports. The firm acquired 15,416 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOST. Baystate Wealth Management LLC bought a new position in shares of Toast in the third quarter worth $29,000. BluePath Capital Management LLC purchased a new position in shares of Toast in the third quarter valued at about $30,000. SRS Capital Advisors Inc. bought a new position in shares of Toast in the 3rd quarter worth approximately $33,000. Larson Financial Group LLC increased its holdings in shares of Toast by 8,181.8% during the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock valued at $34,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Spire Wealth Management lifted its position in Toast by 481.6% in the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 1,522 shares in the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on TOST shares. The Goldman Sachs Group upped their price target on Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Piper Sandler boosted their price target on Toast from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. BNP Paribas upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Thursday, March 7th. Mizuho restated a “neutral” rating and set a $17.00 target price on shares of Toast in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $23.00 price target on shares of Toast in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.32.

Toast Trading Up 1.7 %

Shares of NYSE TOST traded up $0.38 during mid-day trading on Thursday, reaching $23.38. The company had a trading volume of 6,302,483 shares, compared to its average volume of 7,977,586. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.00. The stock has a market cap of $10.55 billion, a P/E ratio of -44.71 and a beta of 1.76. The firm has a 50 day simple moving average of $23.47 and a two-hundred day simple moving average of $19.36.

Toast (NYSE:TOST) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted ($0.19) earnings per share. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. On average, equities analysts expect that Toast, Inc. will post -0.22 EPS for the current year.

Insiders Place Their Bets

In other Toast news, CEO Aman Narang sold 2,471 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the transaction, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Toast news, CEO Aman Narang sold 2,471 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the sale, the chief executive officer now directly owns 1,114,454 shares of the company’s stock, valued at approximately $26,078,223.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Michael Matlock sold 4,151 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $18.20, for a total value of $75,548.20. Following the completion of the sale, the insider now directly owns 39,733 shares of the company’s stock, valued at $723,140.60. The disclosure for this sale can be found here. Insiders sold 189,586 shares of company stock worth $4,531,074 over the last three months. 13.70% of the stock is owned by insiders.

Toast Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.